McGyver: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
McGyver
Largest movements
- Tangible fixed assets -€24,427
down €24,427 (-31.5%), from €77,593 to €53,166
of which Furniture and vehicles: -€13,763
- Receivables within one year +€12,111
up €12,111 (+87.3%), from €13,868 to €25,979
of which Trade receivables: +€14,988
- Cash -€7,485
down €7,485 (-67.9%), from €11,017 to €3,532
mainly Debts after one year (-€17,980) and Receivables within one year (-€12,111)
- Deferred charges and accrued income +€4,535
up €4,535 (+218%), from €2,080 to €6,615
- Debts after one year -€17,980
down €17,980 (-40.5%), from €44,353 to €26,373
- Reserves +€4,325
up €4,325 (+14.3%), from €30,172 to €34,497
- Trade debts -€2,698
down €2,698 (-45.8%), from €5,890 to €3,192
- Gross operating margin +€8,790
up €8,790 (+30.5%), from €28,841 to €37,631
- Taxes +€1,843
up €1,843 (+8,377%), from €22 to €1,865
- Depreciation +€1,717
up €1,717 (+6.5%), from €26,261 to €27,978
- Financial charges -€667
down €667 (-20.4%), from €3,272 to €2,605
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,558 | €89,292 | -€15,266 | -14.6% |
| Fixed assets | 21/28 | €77,593 | €53,166 | -€24,427 | -31.5% |
| Tangible fixed assets | 22/27 | €77,593 | €53,166 | -€24,427 | -31.5% |
| Plant, machinery and equipment | 23 | €13,120 | €11,251 | -€1,869 | -14.2% |
| Furniture and vehicles | 24 | €51,269 | €37,506 | -€13,763 | -26.8% |
| Leasing and similar rights | 25 | €13,204 | €4,409 | -€8,795 | -66.6% |
| Current assets | 29/58 | €26,965 | €36,126 | +€9,161 | +34.0% |
| Amounts receivable within one year | 40/41 | €13,868 | €25,979 | +€12,111 | +87.3% |
| Trade receivables | 40 | €8,690 | €23,678 | +€14,988 | +172% |
| Other amounts receivable | 41 | €5,178 | €2,301 | -€2,877 | -55.6% |
| Cash at bank and in hand | 54/58 | €11,017 | €3,532 | -€7,485 | -67.9% |
| Deferred charges and accrued income | 490/1 | €2,080 | €6,615 | +€4,535 | +218% |
| Total equity and liabilities | 10/49 | €104,558 | €89,292 | -€15,266 | -14.6% |
| Equity | 10/15 | €35,172 | €39,497 | +€4,325 | +12.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,172 | €34,497 | +€4,325 | +14.3% |
| Distributable reserves | 133 | €30,172 | €34,497 | +€4,325 | +14.3% |
| Amounts payable | 17/49 | €69,386 | €49,795 | -€19,591 | -28.2% |
| Amounts payable after more than one year | 17 | €44,353 | €26,373 | -€17,980 | -40.5% |
| Financial debts | 170/4 | €44,353 | €26,373 | -€17,980 | -40.5% |
| Amounts payable within one year | 42/48 | €25,033 | €23,422 | -€1,611 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €17,394 | €17,980 | +€586 | +3.4% |
| Trade debts | 44 | €5,890 | €3,192 | -€2,698 | -45.8% |
| Suppliers | 440/4 | €5,890 | €3,192 | -€2,698 | -45.8% |
| Taxes, remuneration and social security | 45 | €1,749 | €2,250 | +€501 | +28.6% |
| Taxes | 450/3 | €1,749 | - | -€1,749 | |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,261 | €27,978 | +€1,717 | +6.5% |
| Other operating charges | 640/8 | €911 | €1,180 | +€269 | +29.5% |
| Gross operating margin | 9900 | €28,841 | €37,631 | +€8,790 | +30.5% |
| Operating profit (loss) | 9901 | €1,669 | €8,473 | +€6,804 | +408% |
| Financial income | 75/76B | €40 | €322 | +€282 | +705% |
| Recurring financial income | 75 | €40 | €322 | +€282 | +705% |
| Financial charges | 65/66B | €3,272 | €2,605 | -€667 | -20.4% |
| Recurring financial charges | 65 | €3,272 | €2,605 | -€667 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,563 | €6,190 | +€7,753 | |
| Income taxes | 67/77 | €22 | €1,865 | +€1,843 | +8,377% |
| Profit (loss) for the period | 9904 | -€1,585 | €4,325 | +€5,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,585 | €4,325 | +€5,910 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.